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Novartis acquires Kate Therapeutics to strengthen gene therapy portfolio

Novartis acquires Kate Therapeutics to strengthen gene therapy portfolio

11/21/24, 3:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CH.svgswitzerland
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsan diego
Industry
genetics
therapeutics
biotechnology
health care
Novartis has announced the acquisition of California-based biotech company Kate Therapeutics, as part of its strategic expansion into gene therapy and neuromuscular disorder treatments. This move aligns with Novartis' goal to deliver innovative treatments and deepen expertise in gene therapy for various neuromuscular conditions, aiming to tap into the projected $55 billion cell and gene therapy market opportunity by 2030.

Company Info

Company
Novartis AG
Location
Switzerland
Company info
Novartis is a global healthcare company based in Switzerland. It is focused on developing innovative medicines to improve and extend people's lives. The company operates in various therapeutic areas, including oncology, cardiology, and immunology. Novartis is known for its commitment to research and development.

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